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Ancora Heart Raises $80M To Support Ongoing Trial To Treat Heart Failure Patients

 
• By Marion Webb

Ancora Heart will use the new funding to accelerate its pivotal trial of the AccuCinch ventricular restoration system for treating heart failure patients with reduced ejection fraction.

Heartfailure

Santa Clara, CA-based Ancora Heart announced on 19 July it raised $80m in equity financing from Sands Capital, Sio Capital and an undisclosed strategic investor to accelerate the CorCinch-HF pivotal trial of the AccuCinch ventricular restoration system for treating patients who have symptomatic heart failure with reduced ejection fraction (HFrEF).

“Ancora Heart is at an exciting stage as we continue with our pivotal clinical trial to support our PMA submission to the US Food and Drug Administration, and this investment will help us prepare for potential launch and subsequent commercialization,” said Jeff Closs, president and CEO of Ancora Heart

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